The release of internal research by the FSA outlining the correlation between qualifications and better advice has been delayed, despite calls for more evidence on the issue from MPs.
In its consultation paper on professional standards (CP 10/14), the regulator made its case for increasing required qualifications for financial advisers to QCF level 4. It said: "Our research covered the effects of qualifications, CPD and ethical requirements on consumer outcomes in a number of industries all over the world. "Evidence of positive links were found in a number of cases, but the most relevant case is a review of financial planning advice from Australia." While the Australian research was outlined in the paper, the FSA said the remaining research would be published du...
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